AKK 0.00% 0.3¢ austin exploration limited

gas deal done!, page-13

  1. 10,883 Posts.
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    Shelcomm,

    I think this huge for AKK - may even make me buy some!

    Don't know the BTU of the gas and thus how much C1,2,3,4 but liquids command a premium (not as much as 18mths ago but that cycle always changes). There is going to be good money in the production and sale of gas - Pathfinder about 60% oil??

    While not linked to reserves or anything - what it does do is show how gas production is monetized WITHOUT need for capital to be spent by AKK!!! It's being "repaid" out of production.

    This is a good thing for you guys - surprised by the reaction. The SPP is really now funding EFS and working capital.
 
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